After a brief resurgence earlier this year, President Obama's poll numbers are back in the dumps. A new Quinnipiac Poll released Wednesday finds Obama's approval rating at the lowest point in his presidency, thanks in part to voter angst over the economy and his handling of the situation in Libya.

Just 42 percent of those polled approve of the job Obama is doing, compared to 48 percent who disapprove, according to Quinnipiac. And in a bad sign for his upcoming 2012 re-election campaign, 50 percent of those polled say he doesn't deserve another term in the White House.

In January, Obama's approval rating was at 48 percentthe highest number it had been in more than a year, though still dramatically lower than his 59 percent approval rating recorded in June 2009.

What's to blame for the president's slump? For one thing, 60 percent of voters disapprove of Obama's handling of the economy, while just 34 percent approve--the lowest number of his presidency.

Meanwhile, Obama appears to have taken a hit over Libya. According to Quinnipiac, just 41 percent approve of Obama's handling of foreign policya new low. Asked specifically about Libya, 45 percent disapprove, even as voters are virtually split on whether intervening in the crisis was a good idea.

The number that is sure to cause most concern for Obama's campaign advisers is where the president stands with independents, a voting bloc that was crucial to Obama's win in 2008 and stands to be pivotal again in 2012.

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